With gold starting to rally and tax loss season coming to an end in the next week or two we should establish a bottom and start a multi month rally. I'm loading up at these levels with a 3-3.50$ price target in the next year.
Trade closed: target reached:
Looks like bottom has formed.. On track.
Trade active:
Sold at 1.6 for a trace back to 1.45-1.5 . Still taxloss pressure and likely some weakness in gold early next week.
We will see..
We will see..
Comment:
bought back 1/2 position at 1.5 hoping to see 1.4 to pick up second half.